(file photo)
Peter Moyo the former CEO of African insurance giant Old Mutual, a South African firm, was first suspended then fired by the board for a breakdown in trust. Moyo turned to the courts who temporarily reinstated him to his position but this decision was appealed by Old Mutual whose legal team said the appeal made the court order null and void. Moyo's attorneys disagreed and went on to file the second part of his case last week in which Moyo wanted the entire Old Mutual board, including chairman Trevor Manuel, South Africa's former finance minister, declared delinquent. Now shareholders have told the board to clear the matter with Peter Moyo, even settling with a payout if necessary - but will Moyo bite and leave? In the meantime, Moyo has been handed a second termination letter - a move labelled by his attorney Eric Mabuza as "madness."
South Africa: Old Mutual Chair Trevor Manuel Breaks His Silence About Moyo Battle
Daily Maverick, 23 August 2019
For the first time, Old Mutual board chair Trevor Manuel has spoken publicly about the dust-up between the insurer and axed CEO Peter Moyo, who was sacked again on 21 August. Read more »
South Africa: Old Mutual's Peter Moyo Fired a Second Time
allAfrica, 22 August 2019
In response to a Old Mutual shareholder request for the board to finalize matters with CEO Peter Moyo, the insurer has fired him for the second time. Read more »
South Africa: Moyo vs Old Mutual - 5 Reasons Why the Corporate Warfare Continues
News24Wire, 15 August 2019
The Gauteng High Court in Johannesburg will on Friday hear round two of the legal battle between on-and-off again Old Mutual CEO Peter Moyo and the company. Read more »
South Africa: Shareholders to Old Mutual Board - Fix the Drawn-Out Moyo Impasse
Daily Maverick, 18 August 2019
For the first time, the insurer's institutional shareholders have voiced their concerns about the punch-up between Old Mutual and axed CEO Peter Moyo, which is playing out before… Read more »
South Africa: Old Mutual Confirms Court Papers Opposing Peter Moyo's Application to be Filed Next Week
Old Mutual, 5 July 2019
Old Mutual confirms it intends to file papers opposing the application by former CEO Peter Moyo to be reinstated, amongst other things, next week. Read more »
South Africa: Old Mutual's Battle With Peter Moyo Is Not Only About a Conflict of Interest
Daily Maverick, 15 July 2019
At the heart of the dispute between Old Mutual and sacked CEO Peter Moyo is NMT Capital, an investment firm Moyo co-founded with business titans Sango Ntsaluba and Thabiso Tlelai.… Read more »
South Africa: Peter Moyo's Battle With Old Mutual Is Far From Over
Daily Maverick, 30 July 2019
Now that a high court has ruled that Peter Moyo should be reinstated as CEO, he is still gunning for Old Mutual chairman Trevor Manuel and 12 board members. Moyo wants Manuel and… Read more »
South Africa: Old Mutual's Unholy Mess
Daily Maverick, 27 May 2019
The Old Mutual board ignored a red flag when it appointed Peter Moyo in 2017, insisting that conflict of interest challenges could be managed. They couldn't. Now the board must… Read more »
Financial services giant Old Mutual has been dealt a blow by a high court ruling that temporarily reinstates Peter Moyo to his position as CEO, after his suspension and subsequent dismissal by his employer for a breakdown in trust. The company is appealing the decision.
Read more »
The former CEO of Africa's biggest life insurer, Old Mutual, is taking his former employer to court for first suspending and now firing him, citing a conflict of interest relating to an investment company that Moyo founded.
Read more »
Peter Moyo, the chief executive of Old Mutual Limited and Old Mutual Life Assurance Company Limited, has been suspended with immediate effect by the Old Mutual Board who said the decision was based on the "breakdown in trust" between Moyo and the board.
Read more »
Old Mutual's former CEO Peter Moyo will not go quietly as he fights for reinstatement in the South Gauteng High Court. In papers, he is asking the court to declare board chairman Trevor Manuel, who served as finance minister from 1996 to 2009, and 12 other directors "delinquent" under section 162 of the Companies Act.
Read more »
AllAfrica publishes around 500 reports a day from more than 90 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
Get the latest in African news delivered straight to your inbox
